ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – Should You Sell?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down before the market opened on Monday . The stock had previously closed at $12.61, but opened at $11.68. ThyssenKrupp shares last traded at $11.65, with a volume of 10,900 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TKAMY. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

ThyssenKrupp Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $7.20 billion, a PE ratio of 14.10 and a beta of 1.37. The company has a 50-day moving average of $12.22 and a 200 day moving average of $11.59.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.